retire abroad - Expat Network

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Move Myself To Spain From The UK

Move myself to Spain from the UK? As you plan your move to Spain we aim to provide you with the information you need to achieve your move. Here is a step-by-step guide to help you to plan your move together with links to further information and to our carefully selected partners able to...

Save Tax With Portugal’s Non-Habitual Resident Scheme

Portugal’s Non-Habitual Resident scheme (NHR), which was introduced in 2009 and updated in 2020, is a tax regime offering foreign residents and investors reduced tax rates and exemptions on some taxes for their first ten years of residence. It is a great opportunity to retire to the sun and pay little or no tax...

Top Ten Tips When Planning Your Retirement Abroad

Retiring abroad is increasingly popular with estimates ranging from 10% of people in the UK considering retiring abroad to over 30%. Moving to a warmer climate with a lower cost of living enabling you to enjoy a more active retirement can be a very attractive proposition. It is, however, a major life decision and should...

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.